Amended tax credits award

Measures sought to increase added value of coffeeMeasures were sought to promote coffee processing to enhance coffee export value to 6 billion USD by 2030 at a workshop in Da Lat city, the Central Highlands province of Lam Dong on December 9.The event was organised by the Vietnam Coffee and Cocoa Association (VICOFA) and the Ministry of Agriculture and Rural Development (MARD).Addressing the event, MARD Minister Nguyen Xuan Cuong underlined the development of the coffee sector.Vietnam made up less than one percent of the world’s coffee output 30 years ago. In 2016, Vietnam became the world’s second biggest coffee producer, with 645,000 hectares producing 1.6 million tonnes of beans. The sector earned 3.4 billion USD in export value and provided jobs for some 600,000 people in the year.Coffee plants have made significant contribution to the nation’s development and the wellbeing of Vietnamese farmers, Cuong said.By 2030, Vietnam aims to reduce coffee growing area … [Read more...] about BUSINESS IN BRIEF 15/12

Vietnamese firm builds housing project in USHQC USA LLC, a member of Vietnamese property developer Hoang Quan Group, recently held a groundbreaking ceremony for a 40 million USD mixed-use development project at Tacoma city, Washington.The seven-storey HQC Tacoma is the first overseas project of the Hoang Quan Group.Covering more than 3,000sq.m on 1210 Tacoma Avenue South, HQC Tacoma has two basement floors for parking with 214 lots, ground-level retail amenities and 166 apartments with area ranging from 41.8sq.m to 95.2sq.m, of which 20 percent will be affordable units.The News Tribune reported last month that in exchange for providing lower priced apartments, HQC will receive an exemption from property taxes for 12 years on the improved value of the land used for the residential units.The project is set for completion in the second quarter of 2019.Hoang Quan Group is developing 36 projects, including 22 social housing projects. APEC 2017: Vietnam’s joining TPP to benefit export … [Read more...] about BUSINESS IN BRIEF 13/11

Looking back over recent years we can see the market experienced a golden period following the introduction of the doi moi economic reforms, which seemed to be characterised by most developers earning super profits. It seemed to be a time when the seller was god and buyers had to beg for the opportunity to buy an apartment. The real estate market acted like a magnet attracting huge amounts of capital. The same situation has occurred in other countries when a subsidised economy transitions into a market economy. But by late 2008, the property market had entered a depression. Prior to 2009, the real estate market was either increasing or maintaining its prices. However, the opposite has been true in the last five years as the market has suffered from large inventories, low transactions and sluggish investment turnover. Many people said that Vietnam’s real estate market had fallen into crisis. However, a foreign property investor I spoke to had a totally different point of view. … [Read more...] about New year offers real growth prospects

The enforcement of tightened fiscal and monetary policies has helped curb inflation and restore macroeconomic stability but this has also caused grave difficulties to businesses, especially small and medium-sized enterprises (SMEs). The central importance is now to gather forces to resolve difficulties against businesses and the Government of Vietnam adopted a support package worth of VND29 trillion (US$1.4 billion) to support enterprises to pass through difficulties in production and business and support the market. Vietnam Business Forum would like to introduce the article to this effect by Dr Doan Duy Khuong. 1. BackgroundMajor economic development indicators in 2011 and in the first quarter of 2012 presented difficulties and challenges that Vietnam’s economy has been facing. In 2011, GDP and CPI growth prospects had to revise several times (towards worsening direction) to match the actual situation. And, although GDP growth was close to the plan (5.9 percent versus 6 … [Read more...] about Supporting Businesses to Get through Hardships

The mountainous province of Hoa Binh, re-established in 1991, is the gateway to the national capital of Hanoi. The Party, the government and the people of Hoa Binh have grasped every opportunity to turn difficulties into advantages for development and successfully attracted sizeable investment projects. On the occasion Hoa Binh hosts the Hoa Binh Investment Promotion Conference on its 130th founding anniversary and 25th re-establishing anniversary, Vietnam Business Forum has an interview with Mr Nguyen Van Quang, Chairman of Hoa Binh Provincial People’s Committee. Ngo San reports. Could you please tell us the remarkable results in socioeconomic development of Hoa Binh province in the first nine months of 2016? Carrying out socioeconomic development tasks in the first nine months of 2016 against the backdrop of ongoing difficulties facing the country and Hoa Binh province, the Hoa Binh Provincial People’s Committee introduced various directions and measures to … [Read more...] about Hoa Binh Reforming Administrative Procedures to Create Corridor for Investment Attraction

THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 33/NQ-CP Ha Noi, May 09, 2016 RESOLUTIONTHE GOVERNMENT’S REGULAR MEETING - APRIL 2016 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 08/2012/ND-CP dated February 16, 2012 promulgating the working regulation of the Government; Based on the discussion of the Cabinet’s members and the conclusion of the Prime Minister at the Government’s regular meeting in April 2016, held on May 04 and 05, 2016, RESOLVES: 1. Regarding the common tasksThe Government's regular meeting in April 2016 was the first meeting after the Government’s consolidation since the 12th National Party Congress. In the context where the country, the world and … [Read more...] about The Government’s regular meeting – April 2016

GOVERNMENT No: 01/NQ-CP SOCIALIST REPUBLIC OF VIỆT NAM Independence – Freedom – Happiness ___________________ Hà Nội, January 03, 2012 RESOLUTION Key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012 Despite many difficulties and challenges in 2011, the national economy has, as guided by the sound leadership of the Communist Party and drastic measures taken by the Government, as well as fuelled by efforts exerted by sectors and agencies of all levels, the business community and people, moved positively and obtained an array of significant achievements in curbing … [Read more...] about Key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012

THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 30/NQ-CP Ha Noi, March 07, 2017 RESOLUTIONTHE GOVERNMENT’S REGULAR MEETING – FEBRUARY 2017 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government; Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s regular meeting in February 2017, held on March 1, 2017, RESOLVES: 1. Regarding the draft Law on Public Debt Management (revised)The Ministry of Finance shall lead and coordinate with the Ministry of Justice, the Ministry of Planning and Investment, the Government Office, the State Bank of Viet … [Read more...] about The Government’s regular meeting – February 2017

Selected by Viet Nam Law and Legal Forum1) The Law on Human Trafficking. The new law, which took effect on January 1, 2012, provides for the prevention, detection and handling of acts of human trafficking acts and related violations, as well as protection for and assistance to victims, and international co-operation in preventing human trafficking.2) Law on Environmental Protection Tax. This law, also taking effect on January 1, defines who and what is subject to environmental protection taxes, as well as methods of declaration, calculation, payment and refund.3) Government Resolution No 11/NQ-CP. The resolution formed the spearhead of the Government's economic policy for the year, targeting inflation, economic stability and social security through prudent monetary and financial policies, reduced State spending, and a lower budget deficit. It encouraged production, higher exports, a reduced trade deficit, and greater floating of electrical rates and petrol prices.4) Government Decree … [Read more...] about Top 10 most significant laws and regulations of 2011

Korean group proposes BOT road project in Can Tho cityYK Group of the Republic of Korea (RoK) suggested a transport project under the build-operate-transfer (BOT) format in the Mekong Delta city of Can Tho during a working session with municipal authorities on October 31.YK Chairman Jang Sang Kyu said his group is interested in some projects in Can Tho, including the construction of a road linking National Highway 91 with Nam Song Hau road.Proposing two plans for this project, he said under the BOT format, the construction could be funded with the RoK’s capital and toll collection will last for 30 years. In the second plan, Can Tho will be the investor and cover 20-30% of the total cost while the remaining capital could be borrowed from the RoK Government.According to the municipal Department of Transport, the project will have total length of about 30km, including nine intersections and 25 bridges. Total cost for the construction is estimated at VND15.07 trillion (US$714 … [Read more...] about BUSINESS IN BRIEF 4/11